Monday’s switch is expected to increase trading volumes and boost investment into Nigerian companies, they said. It has been used in four sessions so far as Tuesday was a bank holiday. “The switch to Nasdaq is a welcome development… and it has increased the speed of executing trades,” one dealer told Reuters. Dealers can use the Nasdaq to trade cash, equities, bonds, exchange traded funds (ETFs) and, starting next year, derivatives, Ade Bajomo, the exchange’s executive director of market operations and technology, said in a statement on Friday. Dealers said the Nasdaq technology also makes it easier to monitor several markets at once on the same screen, such as equities, debt and ETFs, which it could not before. Source: http://www.reuters.com/article/2013/10/04/nigeria-bourse-nasdaq-idUSL6N0HU23620131004?feedType=RSS

Nasdaq rockets 200% from 2009 bear market low

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